CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Sonic Automotive Inc. (SAH) on Thursday reported third-quarter earnings of $74.2 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $2.13. Earnings, adjusted for non-recurring gains, were $1.26 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The auto dealer posted revenue of $3.49 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $3.54 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAH at https://www.zacks.com/ap/SAH
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
